New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1887-08-08

ever amount Of surplus the Treasury may have Ths
sscretarys act is con rendabe fron every point OF
view. 1t will act eak upon any intent to corner
money which might, done. have affected the general
as s ns
interest and tho purchase OF bonds
the Treasury to secure bank note circulation and
mont deposits So 900 Parinc per 1881 0O
AZ per cents aud 1882 $40 $50 per The interest
banks In that business and are GER
IAN 70 continue 70 hold the eonds TO 20
As to the purchase OF bonds authority which SHOULD
Secretary sn viii SaV. no trouble in obtaining
4'2s a. about Ill to the full amount OF his surplus
the bonds ruled at Iosa slos for some time TOO
high the holders will DO willing TO shade these figures
sorption-the import atoms OF gold during i've
months may be more important factor In the monetary
the redemption OF National bank notes re-
duced tho ireasury's actual cash $l,96O.OO0
and those redemptions certain to be rapid
the notes out and bank circulation IS con.
stantly being issued During last week new National
$500 600 and they are of the elias. that carry
circulation tho law permits But to return to the
prospects of gold imports this autumn. One year ago
az 81 ssh; now it 10 81 S3%. The Bank OF
OF held aS
gold now, f20.964000 Last year from August TO
states S35 300 600 and we have kept whole of
It and added about 100000 by the imports Of the last
to December 81 the exports of cotton amounted
TO sos, Cos AL. Tie price OF spot cotton
at this date last year 9-l6th cents in NewYork
aud 54d. in Llverpool 1t is 10 cents and 5i2d.
respectively. The stock OF American cotton IN Eu-
rope and aloat for Europe at this date In 1856 was
677O00 bales; now 1t is $4,000 bales. why VIII
not the exports Of cotton during the next four mouth.
be greater than in the time OF last year, Last
year from July / to December 81. our exports
OF breadstufs amounted only to S78.26O.O0O The price
Sjl2 cents. IL Is 70 cents In the month or July the
orts OF wheat an -four, In quantity. were about
double that of july 1886 and thcrs Is every prospect
that some such ratio OF gain will continue during tne
coming three months.
With the there seems to be no rea-
why tho business situation should not reasser us
lation-a situation in which producers, necessary as
tributors and consumers arc the principal FACTORS
Railway net earnings are greater tnan ever
before and generally show larger percentage
OF gains during the last three months than
they did in the preceding mouths. although comparing
with greater gains made in the same three months-Apr
not reassert their supremacy over manipulation
which app-asto mems fears Rather than their reason
The stock market looked and acted last week,
even before the Treasury announcement, as IL
certain that the powerful actors have reaped the
profits OF their successful raids II Is one thing TO sell
such stock AS that OF Chicago aud "hcn
has Just Issued its annual report showing IL Clio per
eLt earned. do Is per cent and anoher TO get the
stock back a rs per cent advance. Lake shore was
handled more carefuly but 1t was marked down per
cent from its top figure although every one knows hc
company Is earning ABOUT per cent parallel 10 tho
recent depression is found in the spring Of $780, when
Stock Exchange values were severely depressed AZ ao
when general business and railroad earnings were seaa
LIZ improving In the autumn OF 1880 early IN 1881
prices ruled from 20 so per cent higher than the hs
ures from which the 1880 decline began.
SubOlned Is usual table OF the highest lowest hIu
final prices and number OF shares SOLD or seventytw0
active Stocks together with the nna
prices Of ago. prehxed by the prices OF August
1886: